HFCL CONNECT >> INVESTOR RELATIONS >> FINANCIAL STATEMENT >> AUDITED

Quadrant Televentures Ltd
(Formerly HFCL Infotel Ltd)

Regd. Office : B - 71, Phase - VII, Industrial Focal Point, Mohali, Punjab

Audited Financial Results for the Year Ended 31th March 2007,

(Fig in Lacs)

	Unaudited	Unaudited	Unaudited	Aaudited	Audited	Aaudited	Audited

Particular	Nine months ended 31.12.06	Three months ended 31.03.07	Three months ended 31.03.06	Year ended 31.03.07	Year ended 31.03.06	Consolidated Financial Results Year ended 31.03.07	Consolidated Financial Results Year ended 31.03.06



Net Income From Operations/Services	21574.29	6,015.65	7414.29	27589.93	29188.98	27948.01	29220.69

Other Income	49.15	14.31	82.34	63.47	114.73	64.05	114.76



Total Income	21,623.45	6,029.96	7,496.63	27,653.41	29,303.71	28,012.06	29,335.46



Network Operation Expenditure	3,843.97	1,190.40	1,208.24	5,034.36	4,596.21	5,313.64	4,634.96

Interconnect Usage Charges	5,086.43	1,427.70	1,856.26	6,514.13	7,981.36	6,514.13	7,981.36

Personnel Cost	3,419.69	1,197.09	1,036.88	4,616.77	3,834.24	4,836.39	3,901.41

Sales & Marketing Expenses	968.45	342.70	285.74	1,311.14	1,257.56	1,311.14	1,257.56

Administrative & Other Expenses	3,438.69	1,236.39	1,177.46	4,675.08	4,007.32	5,088.97	4,258.93



Total Expenditure	16,757.23	5,394.28	5,564.58	22,151.48	21,676.69	23,064.27	22,034.22



Operating Profit before Finance Charges, Depreciation, Amortization and Loss on Sold / Discarded Fixed Assets	4,866.22	635.68	1,932.05	5,501.93	7,627.02	4,947.79	7,301.24



Loss on Sold/Discarded Fixed Assets	151.54	132.05	1,745.94	283.59	1,888.1	283.6	1,888.14

Finance Charges	4,751.77	1,599.58	1,583.37	6,351.35	5,998.43	6,351.35	65,998.43

Depreciation & Amortizations	7,753.55	2,464.52	2,797.60	10,218.07	10,901.31	10,218.11	10,901.32



Profit / (Loss) before Prior Period Expenditure	(7,790.64)	(3,560.47)	(4,194.86)	(11,351.08)	(11,160.86)	(11,905.27)	(11,486.65)

Prior Period Expenditure(Net)	3.97	214.42	91.57	218.38	94.72	218.38	94.72



Profit? / (Loss) before Tax	(7,794.61)	(3,774.89)	(4,286.43)	(11,569.46)	(11,255.58)	(12,123.65)	(11,581.37)

Provision for Taxation

Taxation pertaining to earlier year	-	-	(15.62)	-	(15.62)	-	(15.62)

Fringe Benefit Tax	48.15	14.95	12.55	63.10	63.70	67.16	68.92



Net Profit / (Loss)	(7,842.76)	(3,789.84)	(4,283.36)	(11,632.56)	(11,303.66)	(12,190.81)	(11,634.67)

Share Of Profit/ (Loss) of Associate company	-	-	-	-	-	(651.83)	135.94



Net Profit / (Loss) Icluding share of Profit / (Loss) of Associate company	(7,842.76)	(3,789.84)	(4,283.36)	(11,632.56)	11,303.66)	(12,842.64)	(11,498.74)



Paid up Equity Share Capital	52,551.72	52,551.72	52,551.72	52,551.72	52,551.72	52,551.72	52,551.72

(Face Value - Rs. 10 each)



Advance against Share Application Money	-	-	-	8,805.42	8,749.91	8,805.42	8,749.91



Reserves excluding Revaluation Reserve	1,917.05	1,598.94	2,344.09	1,598.94	2,344.09	1,598.94	2,344.09



(Profit & Loss Account (Including accumulated losses)	(73,466.83)	(77,256.65)	(65,624.09)	(77,256.65)	(65,624.09)	((78,325.90)	(65,483.26)



Basic and Diluted Earning Per Share of Rs 10/-Each (in Rs not annualized)	(1.49)	(0.72)	(0.82)	(2.21)	(2.15)	(2.32)	(2.19)



Aggregate Of Non Promoter Shareholding

- No of Shares	199,812,152	199,812,152	199,812,152	199,812,152	199,812,152	199,812,152	199,812,152



- % of Shareholding	38.02%	38.02%	38.02%	38.02%	38.02%	38.02%	38.02%

Notes :

The auditors have qualified their report dated June 12, 2007 with respect to the uncertainties related to recoverability of investments (arising out of the slump sale of NBFC business in September 2002) in Investment Trust of India ('ITI') Limited of Rs.717.67 million and the company's ability to arrange for funding for it to be a going concern. The management, though, is confident of arranging the funding as per its business plan and recovering the value of investments in ITI.

Information on investors' complaints for the quarter is as following: Opening balance: Nil, received during the quarter Nil, Disposal: Nil, Closing Balance :Nil.

The company is operating in a single segment viz. providing unified telephony services.

IPrevious period/years' figures have been reclassified, wherever necessary, to make them comparable with those of the current period.

Above results have been reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on June 12, 2007.

Place :	New Delhi
Dated :	June 12, 2007

By Order of the Board

Quadrant Televentures Limited
(Formerly Known as HFCL Infotel Limited)

	MAHENDRA NAHATA
	Chairman

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